Associate (Hedge Fund Accounting)

Job Description Summary

• Responsible for the accounting and valuation for complex investments, which may include complex derivative, fixed income, and international financial products. Intermediate professional working on projects of a moderate scope or on varied tasks that require resourcefulness, self-initiative, and significant independent judgement. Demonstrates a developing functional knowledge to evaluate the implications of issues and make recommendations for solutions. Guides less experienced team members. May recommend new procedures. Minimally requires a Master's degree, or Bachelor's degree and 2 years of related experience, or high school degree and 4 years of related experience.

Job Description

Principle Accountabilities:

• Daily Accounting
• Handle accounting for assigned moderate to complex funds, including review of daily price control checks, P&L reasonableness, inter system reconciliations, ensuring that reconciling items are investigated and resolved, or escalated in a timely manner.
• Ensure controls are in place and accounts are accurate on a daily basis, providing clear and accurate management information to support decision-making.
• Month End Tasks
• Fully reconcile the month end trial balance to independent support for the assigned moderate to complex funds.
• Prepare month end balance sheet reconciliation (“ME pack”) fully supported with source documentation.
• Provide insightful commentary for balance sheet and P&L movements.
• Ensure balance sheet is reported in accordance with relevant accounting standards, Investment Company Audit Guide and accounting policies as appropriate.
• Prepare partner capital statements
• Prepare limited partner and general partner allocations
• Prepare trial balances and supporting work papers
• Review capital activity that pertains to the funds including capital calls, distributions, and transfers
• Prepare fee calculations including (but not limited to) management fees, admin fees, waterfall clawback, and carried interest calculations
• Price Products
• Daily and monthly product pricing for assigned funds.
• Understanding the pricing methodology and valuation models for applicable products in sufficient detail to be able to ensure absolute accuracy.

Required:

• University degree in finance/accounting or commensurate experience
• 2+ years of relevant experience in the financial industry
• Strong analytical skills and business acumen
• Strong organizational skills and attention to detail
• Strong verbal and written communication skills
• Strong dispute resolution and effective problem solving skills
• Proven team work skills; able to recognize where you can help the team complete all daily and monthly tasks.
• Demonstrated customer service and continuous improvement focus
• Knowledge of US GAAP and IFRS
• Experience in audit and Financial statements preparation desired
• Audit/Control Minded
• Ability to work in changing, fast-paced work environment
• Experience with hedge fund and private equity accounting
• Familiar with alternative investment fund structures including (but not limited to) master/feeder, stand alone, fund of funds, and share based/capital accounts
• Experience with Advent Geneva preferred